Ira, Our Club keeps the original Partnership and records all
changes with Dated Addendums to the partnership and have
all the partners so acknowledge.
Hope this helps

IraS1@aol.com wrote:
> In a message dated 12/4/2005 5:00:13 P.M. Eastern Standard Time,
> fiso_treas@bivio.com writes:
> We have
> a member leaving and new member coming in.  Do we
> have to write up a
> new partnership agreememt or do we just
> amend the one we have had from the
> beginning?  Do we strike
> out the member going out and add an amendment
> for the new
> partner coming in?  I'm so confused!
>
> Thanks for any
> help you can give me.
>
>
> We have new members sign a letter that reads as follows:
>  
> [new member] has received a copy of the [club partnership agreement dated
> as of last amendment] and agrees to be bound by its provisions.
>  
> Ira Smilovitz